Because each day's reservation forecast begins with the previous day's occupancy, long-range forecasting is considered accurate only to about thirty days.

Question

Quizplus · Accepted Answer

Long-range forecasting, which often extends beyond thirty days, incorporates a variety of factors beyond just the previous day's occupancy, such as historical data, market trends, and events. Its accuracy is not solely dependent on the immediate past occupancy, making the statement incorrect.

Because Each Day's Reservation Forecast Begins with the Previous Day's